asian numbers, obviously. a down start to the week here. not a big help of what happened on wall street on friday. certainly, the uncertainty of what happens next in the euro zone and possible bailout. talk of restructuring the bank debt. creating uncertainties here. we had another blow to confidence here. goldman sachses in their portfolio. it caused japan and south korea, exporting countries. hong kong, down even more. 1.4%. shanghai, down by 1 .3%. and australia, down 1.3%. nina? to how things stood on wall street. this week brings quarterly
expected to ask for three arrest warrants in libya. they are said to be for those against crimes against humanity. a source says leader moammar gadhafi will be among those named. those living around the mississippi river, will leave for higher ground, as homes and farmland as residents have been ordered to evacuate. and two additional floodgates have been opened on the morganza spillway. the space shuttle endeavour has been cleared for launch today. and weather reports indicate a 70% chance of favorable conditions. world business today starts right now. good morning, from cnn london. good afternoon, from cnn hong kong. you re watching world business today. these are the stop stories on monday, may 16th. dominique strauss-khan in cuffs. it s crunch time for u.s. lawmakers, as the country s ballooning debt reaches its legal limits. and bankrolling bin laden. we ll investigate the terrorist networks money trail. pulled off a plane and arrested. that s how t
it only takes one famed auction where the lenders say you ve borrowed too much, one of those and you are in a financial crisis. this president doesn t understand that. sean: i interviewed trump on radio. he s right, we are going to be second in 12 years in terms of the economy. china is going to surpass us. india is not far behind. we are not going to be able to sustain this debt and deficits. he had a golden opportunity and he punted, passed. to me what is almost worse, we the democrats only push back on the cuts the republicans proposed it is going to hurt american jobs. i think it has been debunked, goldman sachses came out with this government is a government man from top to bottom. he believes that the way to create jobs is government jobs by government spending. that s why he s unwilling to cut spending. that s why he s unwilling to
it only takes one famed auction where the lenders say you ve borrowed too much, one of those and you are in a financial crisis. this president doesn t understand that. sean: i interviewed trump on radio. he s right, we are going to be second in 12 years in terms of the economy. china is going to surpass us. india is not far behind. we are not going to be able to sustain this debt and deficits. he had a golden opportunity and he punted, passed. to me what is almost worse, we the democrats only push back on the cuts the republicans proposed it is going to hurt american jobs. i think it has been debunked, goldman sachses came out with this government is a government man from top to bottom. he believes that the way to create jobs is government jobs by government spending. that s why he s unwilling to cut spending. that s why he s unwilling to
but it is part of a narrative that hardened, which is that people came to view the judgments we were making through the prism of a myth, that we were here with experience tarnished by that, which is not true. so i think it s actually very damaging. it s completely false, of course, and it should have been corrected a long time ago but newspapers across the country wrote that, some of them keep writing it. i don t know why that s the case. let s talk about financial reform. the financial industry is an area where the united states had the leading competitors in the world. it was an industry the united states dominated to a large extent. is there a danger that in doing the financial reform you make it impossible for the goldman